Difference Between Law 531 Contract Creation And Management
Contract Creation and Management
LAW/531
October 17, 2011
Contract Cron and Management
The objective for the contract creation and management assignment was to review The Nature of Agency video. After watching the video, the assignment asks for an analysis of the issues presented in The Nature of Agency video. The video elaborates on how someone signature can cause the company a lawsuit. In the video, the company Quick Takes Video is facing a collection claims from Non-Linear Pro because of a new editing video system.
Issues Presented In the Nature of Agency video, Quick Takes Video was trying a new video editing trial basis. Non-Linear Pro is the company who leased the trial basis to Quick Takes Video. After receiving poor service from the new editing system, “Quick Takes Video decided to break their lease in the first month instead of trying the trial basis for three months” (Cheeseman, 2010). “Non-Linear Pro is trying to charge Quick Takes Video for a three-month lease that Quick Takes Video assumed they did not sign the lease” (Cheeseman, 2010). After reviewing and inquiring about the lease, the employees discovered that another employee had signed the slip that she thought it was the delivery slip.
Actions …show more content…
Quick Takes Video can be sued although the agent signed the lease.
Cases like this, employees needs to pay attention to details and not assume something is what it is not. By signing that one line, this can cause the company major legal issues and lawsuits. All of this could have been avoided if the agent was paying attention to detail. Lack of knowledge and carelessness may cause the company to go out of business, lawsuit, or collection claims that could have been
avoided.
Conclusion
The contract creation and management paper has elaborated on the Nature of Agency video. It was discovered that the agent failed to pay attention to detail which cause the company to pay for collection claims that were filed against the company. The agent may suggest that the company be bind for the claims as well. Signing on the line can cause one to pay for the rest of their life if he or she fail to pay attention to detail.
Reference
Cheeseman, H. R. (2010). The Nature of Agency video. Retrieved from http://media.pearsoncmgcom
|Content |Points Available|Points Earned|Additional Comments: |
|60 Percent |4 |X/4 | |
|All key elements of the assignment are covered in a substantive way. |4 |1.2 | Met criteria with some |
|The paper identifies legal issues in The Nature of Agency video, and the | | |deviation. |
|legal principles that apply to each issue identified. | | | |
|The paper includes a response to the following questions: | | |Please see above comments which |
|Was contract formation achieved in the video? Explain why or why not. How | | |are incorporated herein by |
|does your interpretation of whether or not Janet is considered an acting | | |reference. |
|agent of the company influence your decision? | | | |
|How should the contract in the simulation have been administered? Identify | | |LaTasha, you’ve demonstrated, |
|specific small business processes and procedures which, if in place, might | | |general analytical and critical |
|mitigate risks associated with ambiguities associated with the express, | | |thinking skills. |
|implied, or apparent authorities of an agent. | | | |
|Besides the arbitration offer presented to Nonlinear Pro, what other legal | | | |
|remedies does the small business featured in the video, Quick Takes, have to | | | |
|choose from as a means to achieve contract dispute resolution? Which of these| | | |
|remedies would be most appropriate? Why? | | | |
|Organization / Development |Points Available|Points Earned|Additional Comments: |
|20 Percent |2 |X/2 | |
|The paper is no more than 1,400 words in length. |2 |2 | Met Criteria. |
|Paragraph transitions are present, logical, and maintain the flow throughout | | | |
|the paper. | | | |
|The tone is appropriate to the content and assignment. | | | |
|Sentences are complete, clear, and concise. | | | |
|Sentences are well constructed, strong, and varied. | | | |
|Sentence transitions are present and maintain the flow of thought. | | | |
|Mechanics |Points Available|Points Earned|Additional Comments: |
|20 Percent |2 |X/2 | |
|The paper—including tables and graphs, headings, title page, and reference |2 |2 | Met Criteria. |
|page—is consistent with APA formatting guidelines and meets course-level | | | |
|requirements. | | | |
|Intellectual property is recognized with in-text citations and a reference | | | |
|page. | | | |
|Rules of grammar, usage, and punctuation are followed. | | | |
|Spelling is correct. | | | |
| |Total Available |Total Earned | |
| |8 |5.2 | |
LAW/531
October 17, 2011
Contract Cron and Management
The objective for the contract creation and management assignment was to review The Nature of Agency video. After watching the video, the assignment asks for an analysis of the issues presented in The Nature of Agency video. The video elaborates on how someone signature can cause the company a lawsuit. In the video, the company Quick Takes Video is facing a collection claims from Non-Linear Pro because of a new editing video system.
Issues Presented In the Nature of Agency video, Quick Takes Video was trying a new video editing trial basis. Non-Linear Pro is the company who leased the trial basis to Quick Takes Video. After receiving poor service from the new editing system, “Quick Takes Video decided to break their lease in the first month instead of trying the trial basis for three months” (Cheeseman, 2010). “Non-Linear Pro is trying to charge Quick Takes Video for a three-month lease that Quick Takes Video assumed they did not sign the lease” (Cheeseman, 2010). After reviewing and inquiring about the lease, the employees discovered that another employee had signed the slip that she thought it was the delivery slip.
Actions …show more content…
Quick Takes Video can be sued although the agent signed the lease.
Cases like this, employees needs to pay attention to details and not assume something is what it is not. By signing that one line, this can cause the company major legal issues and lawsuits. All of this could have been avoided if the agent was paying attention to detail. Lack of knowledge and carelessness may cause the company to go out of business, lawsuit, or collection claims that could have been
avoided.
Conclusion
The contract creation and management paper has elaborated on the Nature of Agency video. It was discovered that the agent failed to pay attention to detail which cause the company to pay for collection claims that were filed against the company. The agent may suggest that the company be bind for the claims as well. Signing on the line can cause one to pay for the rest of their life if he or she fail to pay attention to detail.
Reference
Cheeseman, H. R. (2010). The Nature of Agency video. Retrieved from http://media.pearsoncmgcom
|Content |Points Available|Points Earned|Additional Comments: |
|60 Percent |4 |X/4 | |
|All key elements of the assignment are covered in a substantive way. |4 |1.2 | Met criteria with some |
|The paper identifies legal issues in The Nature of Agency video, and the | | |deviation. |
|legal principles that apply to each issue identified. | | | |
|The paper includes a response to the following questions: | | |Please see above comments which |
|Was contract formation achieved in the video? Explain why or why not. How | | |are incorporated herein by |
|does your interpretation of whether or not Janet is considered an acting | | |reference. |
|agent of the company influence your decision? | | | |
|How should the contract in the simulation have been administered? Identify | | |LaTasha, you’ve demonstrated, |
|specific small business processes and procedures which, if in place, might | | |general analytical and critical |
|mitigate risks associated with ambiguities associated with the express, | | |thinking skills. |
|implied, or apparent authorities of an agent. | | | |
|Besides the arbitration offer presented to Nonlinear Pro, what other legal | | | |
|remedies does the small business featured in the video, Quick Takes, have to | | | |
|choose from as a means to achieve contract dispute resolution? Which of these| | | |
|remedies would be most appropriate? Why? | | | |
|Organization / Development |Points Available|Points Earned|Additional Comments: |
|20 Percent |2 |X/2 | |
|The paper is no more than 1,400 words in length. |2 |2 | Met Criteria. |
|Paragraph transitions are present, logical, and maintain the flow throughout | | | |
|the paper. | | | |
|The tone is appropriate to the content and assignment. | | | |
|Sentences are complete, clear, and concise. | | | |
|Sentences are well constructed, strong, and varied. | | | |
|Sentence transitions are present and maintain the flow of thought. | | | |
|Mechanics |Points Available|Points Earned|Additional Comments: |
|20 Percent |2 |X/2 | |
|The paper—including tables and graphs, headings, title page, and reference |2 |2 | Met Criteria. |
|page—is consistent with APA formatting guidelines and meets course-level | | | |
|requirements. | | | |
|Intellectual property is recognized with in-text citations and a reference | | | |
|page. | | | |
|Rules of grammar, usage, and punctuation are followed. | | | |
|Spelling is correct. | | | |
| |Total Available |Total Earned | |
| |8 |5.2 | |